Meta 将 AI（Muse）整合进其庞大的现有用户基础，凭借直接触达与模型自给自足，构建起可持续的竞争护城河与投资机会。
逐段跳播
显然，本周我们在“Muse”上看到的情况确实吸引了投资者。很明显，市场已经见证了数十亿美元的资金涌入市值。“Muse”很有意思，或者更广泛地说，Meta很有意思，因为他们已经拥有受众。
I mean, clearly, what we saw with "Muse" really attracted investors this week. It is clear that the market, as you know, has seen a massive contribution of billions of dollars to market capitalization.
"Muse" is interesting, or more broadly, meta is interesting because they already have an audience.
我认为Meta和Muse有意思的地方在于，他们正把这种能力直接注入其庞大的生态系统和庞大的受众之中。他们的应用非常有说服力。所以我认为投资者现在看到这一点并说：“嗯，这是一项重大成就，因为Meta基本上能够直接触达其受众。”
这在交叉销售、广告、互动等方面具有各种各样的影响。
I think what's interesting about Meta and Muse is that they're injecting this capability directly into their massive ecosystem and their large audience. As you know, their use is very convincing.
So I think investors are now looking at this and saying, "Well, this is a big accomplishment because Meta is essentially able to reach its audience directly." This has all sorts of implications regarding cross-selling, advertising, interaction , etc.
但回到“Meta”，我认为同样有意思的是思考人工智能能持续多久。如果回到6个月或一年前，每个人都在用“ChatGBT”作为自己的个人助理。现在，当你考虑生态系统的力量——这正是“Meta”所代表的——他们拥有忠实的粉丝群体。
因此，我认为在此基础上推出他们自己版本的“ChatGBT”将符合他们的最佳利益。从积累评估的角度来看，这将更具可持续性。所以我认为这令人鼓舞。
But going back to "Meta," I think what's also interesting is to consider how long artificial intelligence will last. If you go back in time 6 months or a year, everyone was using " ChatGBT" as their personal assistant.
Now when you consider the power of the ecosystem, which is what "Meta" represents, they have a loyal fan base. Therefore, I think that offering their own version of " ChatGBT" on top of that will be in their best interest.
It will be more sustainable from the perspective of accumulating assessment. So I think this is encouraging.
回到Meta，有意思的是你对Anthropic和OpenAI等领先公司的评论。我们见证了人工智能能力的广泛民主化，特别是大型生成式语言模型的能力。我们观察到的是，开源模型——其中大多数来自中国——主导了使用量。
如果看token消耗量，即使在标普500公司中，你也会发现许多公司已经转向这些开源模型，因为它们更便宜，而且如果你愿意，还可以把它们托管在自己的服务器上。记住，Meta的与众不同之处在于他们拥有一个交付机制，甚至拥有自己的人工智能。
他们不依赖领先模型。这正是这笔押注更有意思的原因；这是对使用“Muse”的用户忠诚度的押注，而不绑定于特定的人工智能模型提供商。因此，我认为Meta是一个有意思的投资机会。
Returning to Meta, what is interesting about it is your commentary on leading companies such as Anthropic and OpenAI. We have witnessed a broad democratization of artificial intelligence capabilities , specifically the capabilities of large generative language models.
What we have observed is that open-source models, most of which came from China, have dominated usage. If you look at the volume of token consumption, even among S&P 500 companies, you will find that many of them have moved to these open-source models because they are cheaper, and you can host them on your own servers if you want.
Remember that what distinguishes Meta is that they possess a delivery mechanism, and they even have their own artificial intelligence. They do not rely on leading models. This is what makes this bet even more interesting; It is a bet on the loyalty of the user who uses "Muse" without being tied to a specific provider of artificial intelligence models.
Therefore, I think Meta is an interesting investment opportunity.
这个频道对 $META 的历次判断
Schwab Network 在这只股票上共 16 条判断，这里只列相邻的几条。